Mr. Massimo Bressi reports

BATTERY X METALS CLOSES ACQUISITION OF ALL REMAINING SHARES OF LITHIUM-ION BATTERY DIAGNOSTICS AND REBALANCING TECHNOLOGY COMPANY

Further to Battery X Metals Inc.'s news release dated March 20, 2025, the company has completed, effective March 28, 2025, the acquisition of the remaining 51 per cent of the common shares of Li-ion Battery Renewable Technologies Inc. (LIBRT) pursuant to the exercise of its call right, as defined therein, from the LIBRT shareholders in consideration for 3,030,296 common shares of the company. No finder's fees are payable in connection with the acquisition.

Since acquiring its initial 49-per-cent interest in 2024, as disclosed in the company's news releases dated Sept. 27, 2024, and Oct. 2, 2024, LIBRT has reached key milestones in technology development, strengthened its partnership with Beijing Pengneng Science & Technology Ltd. through a second amended agreement, and significantly progressed the design, development and production of its diagnostic and rebalancing machine prototype 2.0, scheduled for delivery in April, 2025. LIBRT has also retained a leading patent law firm to file provisional patents for its proprietary lithium-ion battery diagnostic and rebalancing technology.

In light of these milestones, Battery X Metals determined that consolidating full ownership of LIBRT would support its long-term strategic vision, as outlined in the company's road map shared in its Feb. 24, 2025, news release.

This acquisition aligns with the company's commitment to developing a vertically integrated and sustainable battery supply chain through its three core verticals: critical battery metal exploration, proprietary material recovery technologies, and battery diagnostics and rebalancing solutions. Battery X Metals plans to advance its exploration portfolio with the goal of discovering new sources of key minerals, thereby supporting long-term supply for the battery industry. In parallel, the company is developing ecofriendly battery-grade material recovery technologies that avoid traditional smelting and leaching methods, instead reclaiming critical battery materials from end-of-life lithium-ion batteries through low-impact processes. Complementing these efforts, LIBRT's proprietary rebalancing technology is designed to extend the lifespan of EV (electric vehicle) and lithium-ion batteries -- reducing waste and demand for raw materials. Together, these three pillars position Battery X Metals to address material shortages while enabling a more circular and sustainable battery ecosystem.

"The consolidation of LIBRT marks a pivotal moment for Battery X Metals as we execute on our vision of building a fully integrated and sustainable battery technology platform," said Massimo Bellini Bressi, chief executive officer of Battery X Metals. "With LIBRT's cutting-edge diagnostics and rebalancing capabilities, we're not only addressing battery material scarcity -- but also shaping a smarter, cleaner future for the lithium-ion and EV battery industry."

With full ownership of LIBRT, Battery X Metals continues to strengthen its foundation for sustainable innovation and long-term growth. The company's diversified 360-degree approach to the battery metals industry includes:

• Expanding and advancing a portfolio of critical battery metal exploration properties across North America;
• Developing ecofriendly, proprietary battery-grade material recovery technology -- in partnership with a globally top-20-ranked mining engineering university -- to extract critical battery materials from end-of-life lithium-ion batteries;
• Pioneering lithium-ion battery diagnostic and rebalancing technologies designed to extend the life and performance of EV and energy storage batteries.

Battery X Metals remains committed to supporting the global energy transition and building a circular economy for the battery industry.

Terms of the acquisition

Of the 3,030,296 shares of the company to be issued on closing of the acquisition, 1,818,176 shares to be issued to management and key personnel of LIBRT are subject to a 12-month voluntary release escrow on a pro rata basis. This restriction will be implemented through the use of restrictive legends imprinted on the share certificates or DRS statements, as applicable, following closing. Certificates and DRS statements (as applicable) for these escrowed shares will be separated into 12 separate certificates or statements, which will be delivered at closing to each applicable vendor. Each certificate or statement, except for the first, which will not be subject to a restrictive legend, will carry a distinct hold period expiring in consecutive 30-day intervals, resulting in a total of 12 release periods from March 28, 2025. The remaining 1,212,120 shares issued on closing are not subject to any restrictions. Additionally, each vendor has agreed not to sell, transfer, assign or dispose of any shares exceeding 10 per cent of the daily trading volume on the CSE unless otherwise approved in writing by the company.

About Battery X Metals Inc.

Battery X Metals is an energy transition resource exploration and technology company committed to advancing domestic battery and critical metal resource exploration and developing next-generation proprietary technologies. Taking a diversified, 360-degree approach to the battery metals industry, the company focuses on exploration, lifespan extension and recycling of lithium-ion batteries and battery materials.

About Li-ion Battery Renewable Technologies Inc.

Li-ion Battery Renewable Technologies is a development-stage battery technology company based in Vancouver, B.C., focused on becoming a leader in lithium-ion battery diagnostics and renewal technologies. LIBRT utilizes innovative and proprietary technology to diagnose and extend the lifespan of electric vehicle batteries. Its battery cell rebalancing technology addresses capacity degradation caused by cell imbalances, helping to extend battery life, reduce the need for costly replacements, keep batteries out of landfills and minimize the demand for mining critical metals. Additionally, LIBRT is developing advanced diagnostic equipment for EV battery services.

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